NASDAQ:MRVL - Marvell Technology Group Stock Price, News, & Analysis

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$17.76 -0.33 (-1.82 %)
(As of 10/19/2018 04:00 PM ET)
Previous Close$17.76
Today's Range$17.57 - $18.45
52-Week Range$17.18 - $25.18
Volume8.42 million shs
Average Volume12.94 million shs
Market Capitalization$11.91 billion
P/E Ratio17.08
Dividend Yield1.33%
Beta0.96
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as HDD components, such as HDD preamps components; and develops software-enabled silicon solutions comprising serial advanced technology attachment port multipliers, bridges, serial attached SCSI, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. The company also provides networking products, which includes Ethernet solutions consisting of Ethernet switches, Ethernet physical-layer transceivers, and single-chip network interface devices; and embedded communication processors. In addition, it offers a portfolio of connectivity solutions, including Wi-Fi and Wi-Fi/Bluetooth integrated system-on-a-chip products, which are integrated into various end devices, including enterprise access points, home gateways, multimedia devices, gaming products, printers, automotive infotainment and telematics units, and smart industrial devices. Further, the company provides printer-specific standard products, as well as full-custom and application-specific integrated circuits; and application processors. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology Group Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
SymbolNASDAQ:MRVL
CUSIPG5876H10
Phone441-296-6395

Debt

Debt-to-Equity Ratio0.25
Current Ratio2.54
Quick Ratio1.76

Price-To-Earnings

Trailing P/E Ratio17.08
Forward P/E Ratio20.65
P/E Growth2.16

Sales & Book Value

Annual Sales$2.41 billion
Price / Sales4.85
Cash Flow$1.2308 per share
Price / Cash14.43
Book Value$8.35 per share
Price / Book2.13

Profitability

EPS (Most Recent Fiscal Year)$1.04
Net Income$520.83 million
Net Margins15.36%
Return on Equity10.70%
Return on Assets8.76%

Miscellaneous

Employees3,749
Outstanding Shares658,400,000
Market Cap$11.91 billion

Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

What is Marvell Technology Group's stock symbol?

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?

Marvell Technology Group declared a quarterly dividend on Friday, September 14th. Investors of record on Tuesday, October 2nd will be given a dividend of $0.06 per share on Tuesday, October 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Monday, October 1st. View Marvell Technology Group's Dividend History.

How will Marvell Technology Group's stock buyback program work?

Marvell Technology Group declared that its board has approved a share repurchase program on Tuesday, October 16th 2018, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) released its earnings results on Thursday, September, 6th. The semiconductor company reported $0.28 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.29 by $0.01. The semiconductor company earned $665.31 million during the quarter, compared to the consensus estimate of $685 million. Marvell Technology Group had a return on equity of 10.70% and a net margin of 15.36%. The business's revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. View Marvell Technology Group's Earnings History.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Tuesday, November 27th 2018. View Earnings Estimates for Marvell Technology Group.

What price target have analysts set for MRVL?

25 Wall Street analysts have issued 1-year price targets for Marvell Technology Group's shares. Their predictions range from $13.00 to $33.00. On average, they expect Marvell Technology Group's share price to reach $25.8043 in the next year. This suggests a possible upside of 45.3% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

What is the consensus analysts' recommendation for Marvell Technology Group?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 2 hold ratings and 23 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

What are Wall Street analysts saying about Marvell Technology Group stock?

Here are some recent quotes from research analysts about Marvell Technology Group stock:
  • 1. According to Zacks Investment Research, "Marvell is benefiting from surging demand for SSD drives from enterprise and data-center operators. Marvell’s latest acquisition of Cavium will broaden its offerings beyond hard disk drives microprocessors and enter into high growth areas such as data centers and wireless communications. Also, we believe that the strong demand for Marvell’s 4G LTE products could be a growth driver. Estimates have been stable lately ahead of the company’s Q2 earnings release. The company has positive record of earnings surprises in recent quarters. Nonetheless, Marvell faces customer concentration risk. Its top four customers accounted for more than 50% of total revenue in fiscal 2017. The loss of any customer may reduce orders, thereby impacting revenues and operating results. Intensifying competition in the High Definition (HD) storage drive market makes us increasingly cautious about the stock’s growth prospects." (8/1/2018)
  • 2. Loop Capital analysts commented, "We maintain our Buy rating on Marvell Technology Group, Ltd. (MRVL) and increase our PT to $26 from $22 following MRVL’s positive pre-announcement for FQ3 (Oct) 2018 and plans to acquire Cavium, Inc. (CAVM:$84.02-Hold) in a cash and stock deal valued at $6B. While we view the pending transaction as a long-term win/win for MRVL as it provides the company with 1) increased scale, 2) broader product and end-market diversification away from the secular declining HDD market, and 3) accretion to pro forma EPS, margins, and revenue growth, we were surprised that CAVM was ready to throw in the towel as a stand-alone company. We expect CAVM to see meaningful YoY earnings and revenue growth in 2018 and 2019 driven by 1) the ramp of OCTEON III, 2) robust revenue growth from new products of Fusion-M, LiquidIO, ThunderX, XPliant, and LiquidSecurity, and 3) steady revenue contributions from QLogic products." (11/21/2017)

Are investors shorting Marvell Technology Group?

Marvell Technology Group saw a increase in short interest in September. As of September 28th, there was short interest totalling 19,042,183 shares, an increase of 18.6% from the September 14th total of 16,055,403 shares. Based on an average daily trading volume, of 11,372,020 shares, the days-to-cover ratio is presently 1.7 days. Currently, 3.0% of the company's shares are sold short. View Marvell Technology Group's Current Options Chain.

Who are some of Marvell Technology Group's key competitors?

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the folowing people:
  • Mr. Matthew J. Murphy, Pres, CEO & Director (Age 45)
  • Ms. Jean Hu, Chief Financial Officer (Age 55)
  • Mr. Neil Y. Kim, Exec. VP & CTO (Age 59)
  • Mr. Mitchell Lee Gaynor, Exec. VP and Chief Admin. & Legal Officer (Age 58)
  • Mr. Thomas F. Lagatta, Exec. VP of Worldwide Sales & Marketing (Age 60)

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Swedbank (0.67%), Sumitomo Mitsui Asset Management Company LTD (0.54%), Strs Ohio (0.20%), Seven Eight Capital LP (0.07%), Zweig DiMenna Associates LLC (0.05%) and State of New Jersey Common Pension Fund D (0.03%). Company insiders that own Marvell Technology Group stock include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Institutional Ownership Trends for Marvell Technology Group.

Which major investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including Zweig DiMenna Associates LLC, Swedbank, State of New Jersey Common Pension Fund D, Eidelman Virant Capital, CenturyLink Investment Management Co and Andra AP fonden. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Insider Buying and Selling for Marvell Technology Group.

Which major investors are buying Marvell Technology Group stock?

MRVL stock was bought by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Asset Management Company LTD, Strs Ohio, Seven Eight Capital LP, Essex Investment Management Co. LLC, State of Alaska Department of Revenue, Xact Kapitalforvaltning AB, Oakbrook Investments LLC and Aperio Group LLC. View Insider Buying and Selling for Marvell Technology Group.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $17.76.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $11.91 billion and generates $2.41 billion in revenue each year. The semiconductor company earns $520.83 million in net income (profit) each year or $1.04 on an earnings per share basis. Marvell Technology Group employs 3,749 workers across the globe.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is http://www.marvell.com.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]


MarketBeat Community Rating for Marvell Technology Group (NASDAQ MRVL)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  1,036 (Vote Outperform)
Underperform Votes:  1,024 (Vote Underperform)
Total Votes:  2,060
MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote "Outperform" if you believe MRVL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/20/2018 by MarketBeat.com Staff

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